[25/06/2026 02:27]

ADEN-SABA

The Board of Directors of the Central Bank of Yemen approved on Thursday a set of measures and directives aimed at improving institutional performance and reinforcing financial and monetary stability, concluding its sixth session of the year in the temporary capital, Aden, chaired by Central Bank Governor and Board Chairman Ahmed Ahmed Ghaleb.

The board reviewed financial and economic developments during the first half of the year, along with updates on domestic and external fiscal balances and key economic indicators amid changing local, regional, and international conditions.

Members discussed the impact of these developments on the national economy and examined policy measures designed to enhance the Central Bank’s capacity to maintain monetary and financial stability.

The meeting also reviewed the Central Bank’s 2025 annual report and findings from Audit Committee reports covering the performance of various bank sectors. It assessed progress in implementing plans and programs and issued relevant decisions and directives to strengthen governance, oversight, and institutional efficiency.

As part of efforts to develop financing tools, the board reviewed the work of the Sukuk Unit, based on reports submitted by its management and the Sharia supervisor. It also discussed future plans to expand its operations in line with development financing needs, in coordination with the Ministry of Finance and other relevant government bodies, with the aim of creating Sharia-compliant national financing instruments.

The board further heard a report from the head of the National Committee for Import Regulation and Financing on its performance during the first five months of the year. The report highlighted approved import financing requests exceeding $3 billion for various goods, along with efforts to improve the committee’s procedures, secure essential commodity supplies, and strengthen transparency and compliance in financing operations.

The board emphasized strict enforcement of applicable laws and adherence by all relevant entities to decisions issued by the Presidential Leadership Council, government directives, and regulations set by the National Committee for Import Regulation and Financing. It stressed the importance of unified procedures, protection of state resources, safeguarding the financial sector, and compliance with international standards.

The meeting also reviewed progress in implementing the state budget and outstanding financial obligations. It commended the continued support provided by Saudi Arabia, including the recent disbursement of the second tranche of budget support and the approval of electricity sector assistance.

The board said the support comes at a critical time and plays a vital role in strengthening financial stability, improving essential services—particularly electricity—and helping ensure regular payment of public sector salaries, while easing the burden on citizens.

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